DB vs. UBS

Last updated Jun 3, 2026

DB (Deutsche Bank Aktiengesellschaft) and UBS (UBS Group AG) are both stocks. Both are in the Financial Services sector — DB in Banks - Regional, UBS in Banks - Diversified. Over the past 10 years, DB returned 9.80%/yr vs 15.66%/yr for UBS. A 0.71 correlation means they provide meaningful diversification when combined.

Performance

DB vs. UBS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Deutsche Bank Aktiengesellschaft (DB) and UBS Group AG (UBS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DB achieves a -13.13% return, which is significantly lower than UBS's 5.33% return. Over the past 10 years, DB has underperformed UBS with an annualized return of 9.80%, while UBS has yielded a comparatively higher 15.66% annualized return.

DB

• 1D: 0.40%
• 1M: 7.68%
• YTD: -13.13%
• 6M: -7.36%
• 1Y: 20.80%
• 3Y*: 49.52%
• 5Y*: 19.71%
• 10Y*: 9.80%

UBS

• 1D: 0.35%
• 1M: 10.23%
• YTD: 5.33%
• 6M: 25.92%
• 1Y: 52.77%
• 3Y*: 38.63%
• 5Y*: 27.02%
• 10Y*: 15.66%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DB vs. UBS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DB Deutsche Bank Aktiengesellschaft	-13.13%	132.42%	29.52%	21.34%	-5.86%	14.68%	40.10%	-2.89%	-56.72%	18.96%
UBS UBS Group AG	5.33%	60.21%	2.03%	67.65%	5.92%	27.93%	17.99%	7.15%	-32.68%	21.53%

Correlation

The correlation between DB and UBS is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Nov 24, 2014	0.71

The correlation between DB and UBS has been stable across timeframes, ranging from 0.64 to 0.72 - a consistent structural relationship.

Fundamentals

EPS DB : $4.47 UBS : $2.24
PE Ratio DB : 7.23 UBS : 21.53
PEG Ratio DB : 0.12 UBS : 0.39
PS Ratio DB : 0.96 UBS : 2.62
Total Revenue (TTM) DB : $53.12B UBS : $64.08B
Gross Profit (TTM) DB : $30.48B UBS : $42.48B
EBITDA (TTM) DB : $9.93B UBS : $11.15B

Return for Risk

DB vs. UBS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DB

DB Risk / Return Rank: 57
DB Sharpe Ratio Rank: 62
DB Sortino Ratio Rank: 55
DB Omega Ratio Rank: 53
DB Calmar Ratio Rank: 56
DB Martin Ratio Rank: 57

UBS

UBS Risk / Return Rank: 81
UBS Sharpe Ratio Rank: 87
UBS Sortino Ratio Rank: 85
UBS Omega Ratio Rank: 82
UBS Calmar Ratio Rank: 74
UBS Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DB vs. UBS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Deutsche Bank Aktiengesellschaft (DB) and UBS Group AG (UBS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	DB	UBS	Difference
Sharpe ratio Return per unit of total volatility	0.64	2.02	-1.38
Sortino ratio Return per unit of downside risk	1.09	2.77	-1.68
Omega ratio Gain probability vs. loss probability	1.13	1.33	-0.20
Calmar ratio Return relative to maximum drawdown	0.69	2.03	-1.34
Martin ratio Return relative to average drawdown	1.69	5.40	-3.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DB vs. UBS - Sharpe Ratio Comparison

The current DB Sharpe Ratio is 0.64, which is lower than the UBS Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of DB and UBS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DB	UBS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.64	2.02	-1.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.90	-0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	0.52	-0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	0.40	-0.37

Drawdowns

DB vs. UBS - Drawdown Comparison

The maximum DB drawdown since its inception was -94.73%, which is greater than UBS's maximum drawdown of -61.38%. Use the drawdown chart below to compare losses from any high point for DB and UBS.

Drawdown Indicators

	DB	UBS	Difference
Max Drawdown Largest peak-to-trough decline	-94.73%	-61.38%	-33.35%
Max Drawdown (1Y) Largest decline over 1 year	-29.66%	-26.07%	-3.59%
Max Drawdown (3Y) Largest decline over 3 years	-29.66%	-27.00%	-2.66%
Max Drawdown (5Y) Largest decline over 5 years	-54.19%	-33.41%	-20.78%
Max Drawdown (10Y) Largest decline over 10 years	-71.97%	-61.38%	-10.59%
Current Drawdown Current decline from peak	-64.08%	-0.95%	-63.13%
Average Drawdown Average peak-to-trough decline	-53.67%	-19.27%	-34.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.20%	9.81%	+2.39%

Volatility

DB vs. UBS - Volatility Comparison

Deutsche Bank Aktiengesellschaft (DB) has a higher volatility of 10.01% compared to UBS Group AG (UBS) at 7.40%. This indicates that DB's price experiences larger fluctuations and is considered to be riskier than UBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DB	UBS	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.01%	7.40%	+2.61%
Volatility (6M) Calculated over the trailing 6-month period	24.83%	20.52%	+4.31%
Volatility (1Y) Calculated over the trailing 1-year period	32.59%	26.25%	+6.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.37%	30.29%	+7.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.23%	30.38%	+9.85%

Dividends

DB vs. UBS - Dividend Comparison

DB's dividend yield for the trailing twelve months is around 3.60%, more than UBS's 1.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DB Deutsche Bank Aktiengesellschaft	3.60%	1.99%	2.87%	2.40%	1.84%	0.00%	0.00%	1.58%	1.58%	1.00%	0.00%	3.11%
UBS UBS Group AG	1.14%	2.92%	3.46%	0.89%	1.34%	1.04%	3.87%	5.48%	0.00%	3.30%	5.42%	3.87%

Financials

DB vs. UBS - Profitability Comparison

The chart below illustrates the profitability comparison between Deutsche Bank Aktiengesellschaft and UBS Group AG over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

DB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Deutsche Bank Aktiengesellschaft reported a gross profit of 8.15B and revenue of 15.29B. Therefore, the gross margin over that period was 53.3%.

UBS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, UBS Group AG reported a gross profit of 14.51B and revenue of 20.20B. Therefore, the gross margin over that period was 71.8%.

DB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Deutsche Bank Aktiengesellschaft reported an operating income of 3.04B and revenue of 15.29B, resulting in an operating margin of 19.9%.

UBS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, UBS Group AG reported an operating income of 3.77B and revenue of 20.20B, resulting in an operating margin of 18.7%.

DB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Deutsche Bank Aktiengesellschaft reported a net income of 2.12B and revenue of 15.29B, resulting in a net margin of 13.9%.

UBS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, UBS Group AG reported a net income of 2.98B and revenue of 20.20B, resulting in a net margin of 14.8%.

Frequently Asked Questions

Can I hold both DB and UBS in my portfolio?

DB and UBS have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DB or UBS?

DB has higher volatility (10.01%) compared to UBS (7.40%). In terms of maximum drawdown, DB dropped -94.73% vs UBS's -61.38%.

Which has better risk-adjusted returns?

UBS currently has the higher Sharpe Ratio (2.02 vs 0.64), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.